#nvidia

#nvidia

This is all about deepening our commitment to bringing the best infrastructure, model choice and applications to our customers, Nadella said on a video call with the other two executives, adding that it builds on the critical partnership Microsoft still has with OpenAI.

Peter Thiel's hedge fund Thiel Macro LLC sold off its holdings in Nvidia Corp. during the third quarter, marking another retreat from the leading provider of artificial-intelligence chips. The fund offloaded its entire position of 537,742 shares in the world's premier AI chipmaker, which would have been worth about $100 million based on the closing price from Sept. 30. The Thiel Macro fund now counts Apple Inc., Microsoft Corp. and a reduced stake in Tesla Inc. as its main bets, according to a 13F filing.

Peter Thiel's hedge fund sold its entire stake in Nvidia in the third quarter, according to a 13F filing. Thiel Macro LLC sold all of its 537,742 shares in the chipmaker, per the filing, which were valued at about $85 million at the end of the second quarter. Those shares would have been worth about $100 million at market close on September 30 - but it is unclear when Thiel's fund offloaded its stake.

At the same time, internal emails sent this summer by senior sales employees in its Worldwide Field Operations - which works with customers to deploy its technology - reveal it's contending with some hurdles as it tries to tell clients a "comprehensive software story" and sell those products alongside its highly sought-after AI hardware.

AI remains one of Intel's highest strategic priorities, and we are focused on executing our technology and product road map across emerging AI workloads, the company said in the statement.

The last week of October, NVIDIA became the first publicly traded company to surpass a market cap of $5 trillion. In July, the AI chipmaker became the first publicly traded company to hit a $4 trillion market cap in early July. That achievement came just one month after surpassing both Apple Inc. (NASDAQ:AAPL) and Microsoft Corp. (NASDAQ:MSFT) in market cap as members of the $3 trillion market cap club.

For weeks, the government shutdown created a good deal of uncertainty. Today, though, markets are rocketing on news that the government shutdown may soon be over. The S&P 500 is up 62 points. The SPDR S&P 500 ETF ( SPY) is up $6.17 a share. The Dow is up about 173, as the tech-heavy NASDAQ rallies 370 points. In the latest agreement, some Democrats and Republicans finally reached a vote of 60 to 40 to advance the vote to the next stage.

The Nasdaq Composite fell more than 3% last week. Tech stocks in particular were under pressure with the Technology Select Sector SPDR (NYSE: XLK) down 4.2% NVIDIA may have fallen 7.1%, but other semiconductor stocks also fell. Broadcom ( Nasdaq: AVGO) fell 5.5% while AMD ( Nasdaq: AMD) plunged 8.8%. The biggest news among this group of companies at the forefront of producing AI accelerators was AMD's earnings.

In late 2025, a series of multi-billion-dollar deals in the artificial intelligence sector is causing déjà vu among industry veterans. Money, computer chips, and cloud credits are rotating in a closed loop among a handful of companies: Nvidia, OpenAI, Microsoft, Oracle, AMD, CoreWeave, xAI, and a few others. This has fueled a trillion-dollar AI boom or bubble built on intertwined investments and contracts.

That achievement came just one month after surpassing both Apple Inc. (NASDAQ:AAPL) and Microsoft Corp. (NASDAQ:MSFT) in market cap as members of the $3 trillion market cap club. In September, the company announced plans to invest up to $100 billion in OpenAI. As a result, Evercore raised its price target on NVIDIA to $225 from $214 while keeping an "Outperform" rating, citing the OpenAI deal as the impetus, while Barclays raised its price target to $240 from $200, maintaining its "Overweight" rating.

Apple has become the third company to see its market capitalization top $4 trillion, underscoring its role as one of the leading publicly traded tech companies and making it the second-most valuable company in the world. Shares of the company briefly topped $269.53 soon after trading began on Tuesday, putting it above the milestone. Apple was the first company to top $1 trillion, $2 trillion, and $3 trillion in market capitalization. But Nvidia beat it to the $4 trillion mark, on the back of surging investor interest in artificial intelligence. That company's staggering chip sales have boosted its stock more than 400% since October 2023.